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1357 Lakewood Rd Toms River, NJ 08753

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For Sale
$8,900,000

Newer CVS with long-term lease and zero landlord responsibilities.

Property size:
13,086 SF
Lot size:
1.68 Acres

Property Features for 1357 Lakewood Rd

General Information

Size
13,086 SF
Lot size
1.68 Acres

Source: Sandor/Sand Capital | Arizona Agent Matt Sturcken

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Newer CVS Zero Cash Flow

This property presents a rare opportunity to acquire a newer CVS property from a recent CVS sale-leaseback portfolio. It features a newer 25-year lease and operates on an absolute NNN basis, meaning there are no landlord responsibilities. The property includes assumable self-amortizing financing with a fixed 3.901% interest rate. The zero cash flow structure and paydown readvance allow for a suitable 1031 exchange asset, enabling owners to withdraw equity. The structure allows for low equity contributions with high long-term return on initial investment and allows withdrawal of money over and above percentage over the debt. The property is also available as a free-and-clear investment. The property size is 13,086 square feet.
Location Intelligence

Current Use by Public Records

CVS Photo Passport Photo Processor Santander Bank ATM Atm CVS Pharmacy Pharmacy CVS Cosmetics Store LibertyX Bitcoin ATM Atm

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

CVS Pharmacy, Geetha V. Nair, RPh, CVS, Think Goodness/Origami Owl https://campsite.bio/slicknack, Robin Defure

Location Insight

  • Map
  • Local Demand
City
Toms River
County
Ocean
State
New Jersey
Longitude
-74.2111967
Latitude
39.9932575

FAQs

What type of property is this?
Drug store - Newer CVS with long-term lease and zero landlord responsibilities.
Where is this drug store located?
The property is located at 1357 Lakewood Rd Toms River, NJ.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: - Assumable self-amortizing financing with below-market fixed 3.901% interest rate (Zero Cash Flow Financing).; - Perfect 1031 Exchange Asset: ZCF structure allows equity withdrawal.; - Long-Term Leases: Newer 25-year leases in place.
More about this property
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